This is becoming more common but it's likely you could get full replacement cost elsewhere depending on the age. 

CPA recommended we open a joint business checking account under both of our names to keep tax season simple.

I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.

They can do HELOCs down to 640 for primary homes and 680 for investment properties, combined loan to value (CLTV) are up to 85% for cash out for primary homes and up to 70% for investment properties (max CLTV depends on credit score).HELOC maximum line amounts up to $400,000 for primary homes and $250,000 for investment properties (maximum loan to value (LTV) varies based on credit score). 

I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

That is a tough question to answer depending on where you are looking to ultimately invest. 

That brings me to my next point: The area you should start investing in depends very much on what your investi g goal is, so: Define your goal.

It is really dependent on the builder.Negotiating real estate is different than negotiating a car or something at a yard sale.

David Orr started Tax Modern and wrote that linked article--I linked his BP profile.